With mobile banking firmly entrenched in the consumer space, the industry is on the brink of another revolution in the B2B sector, as corporate treasury professionals slowly begin to discard decades-old methods of transferring funds in favour of payments executed on smartphones and tablets, figures from HSBC show.
Accenture (NYSE:ACN) and a group of 10 leading financial institutions today opened the application period for the second class of the FinTech Innovation Lab Asia-Pacific, kicking off a competitive search for the top financial technology (fintech) innovators in the region.
HSBC customers who clicked a link on the bank's Hong Kong site were confronted with more than their balances after being redirected to a porn site.
HSBC in the US has begun notifying an undisclosed number of customers that their mortgage account data may have been inadvertently published on the Internet.
Kyriba, the global leader in cloud-based treasury management solutions, has completed a $21 million round of Series C funding.
HSBC in Germany has won a mandate to implement a fully-automated two-way renminbi sweeping solution between China and Germany for Würth Group, the global fastening products group.
Australian banks and tech companies are providing $2 million in funding to get the country's first physical fintech hub off the ground in Sydney.
The functionality of mobile banking apps developed by five of the UK's top banks has been criticised after they racked up so-so scores in user experience testing conducted by Adaptive Lab.
Over two thirds of first direct and over 40% of HSBC customers who received overdraft text alerts¹ have avoided fees by crediting their account the same day, following the introduction of a new overdraft charging structure last month.
Conferma, the experts in Virtual Card Number (VCN) technology for the corporate travel sector, today announced that it has extended its partnership with HSBC for a further three years.
© Finextra Research 2016